New Risk • Dec 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (96% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$9.20m market cap, or US$6.13m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Duyuru • Oct 09
Norfolk Metals Limited, Annual General Meeting, Nov 27, 2025 Norfolk Metals Limited, Annual General Meeting, Nov 27, 2025. Duyuru • Sep 30
Norfolk Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.5 million. Norfolk Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 3.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,010,233
Price\Range: AUD 0.125
Discount Per Security: AUD 0.0075
Security Features: Attached Options
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 14,789,767
Price\Range: AUD 0.125
Discount Per Security: AUD 0.0075
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 200,000
Price\Range: AUD 0.125
Discount Per Security: AUD 0.0075
Transaction Features: Subsequent Direct Listing New Risk • Sep 26
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$10.4m market cap, or US$6.81m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). New Risk • Aug 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.46m market cap, or US$5.51m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Duyuru • Jul 28
Norfolk Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.5 million. Norfolk Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 3.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,010,233
Price\Range: AUD 0.125
Discount Per Security: AUD 0.0075
Security Features: Attached Options
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 14,789,767
Price\Range: AUD 0.125
Discount Per Security: AUD 0.0075
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 200,000
Price\Range: AUD 0.125
Discount Per Security: AUD 0.0075
Transaction Features: Subsequent Direct Listing New Risk • Jul 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$7.03m market cap, or US$4.59m). Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (27% increase in shares outstanding). Duyuru • Apr 01
Norfolk Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.9575 million. Norfolk Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.9575 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,575,000
Price\Range: AUD 0.1
Discount Per Security: AUD 0.006
Transaction Features: Subsequent Direct Listing New Risk • Mar 11
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.3m free cash flow). Revenue is less than US$1m (AU$4.8k revenue, or US$3.0k). Market cap is less than US$10m (AU$4.30m market cap, or US$2.70m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Duyuru • Jan 15
Norfolk Metals Limited ORDINARY FULLY PAID to Be Deleted from OTC Equity Norfolk Metals Limited ORDINARY FULLY PAID (Australia) will be deleted from OTC Equity effective January 14, 2025, due to Inactive Security. Duyuru • Oct 29
Norfolk Metals Limited, Annual General Meeting, Nov 28, 2024 Norfolk Metals Limited, Annual General Meeting, Nov 28, 2024. Location: unit 10, 85-87 forrest street cottesloe wa 6011, Australia New Risk • Sep 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.6m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m (AU$110k revenue, or US$76k). Market cap is less than US$10m (AU$4.30m market cap, or US$2.97m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). New Risk • Sep 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$4.50m market cap, or US$3.07m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Duyuru • Apr 30
Norfolk Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.415746 million. Norfolk Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.415746 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,771,643
Price\Range: AUD 0.15
Discount Per Security: AUD 0.009
Transaction Features: Subsequent Direct Listing Duyuru • Apr 19
Norfolk Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.415746 million. Norfolk Metals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.415746 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,771,643
Price\Range: AUD 0.15
Transaction Features: Subsequent Direct Listing New Risk • Nov 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (AU$16.9m market cap, or US$11.2m). Duyuru • Nov 29
Norfolk Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million. Norfolk Metals Limited has completed a Follow-on Equity Offering in the amount of AUD 1 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: AUD 0.2
Discount Per Security: AUD 0.012
Transaction Features: Subsequent Direct Listing New Risk • Nov 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (AU$12.5m market cap, or US$8.24m). Minor Risk Less than 3 years of financial data is available. Duyuru • Oct 31
Norfolk Metals Limited, Annual General Meeting, Nov 30, 2023 Norfolk Metals Limited, Annual General Meeting, Nov 30, 2023, at 16:00 W. Australia Standard Time. Location: 283 Rokeby Road Subiaco WA 6008 Subiaco Australia Agenda: To receive and consider the annual financial report of the Company for the financial year ended 30 June 2023 together with the declaration of the Directors, the Director's report, the Remuneration Report and the auditor's report; to consider adoption of remuneration report; to re-election of director - Patrick Holywell; and to consider other matters. Duyuru • Oct 23
Norfolk Metals Limited Provides Drill Permitting Update Norfolk Metals Limited submitted the PEPR (application paperwork for drill permitting) as a prerequisite to drill permitting shortly after the Land Access Agreements were secured in the first week of October. The Company has progressed further towards permitting addressing all relevant queries requested by the Department of Energy and Mining South Australia (DEM). Duyuru • Aug 11
Norfolk Metals Limited, Annual General Meeting, Sep 11, 2023 Norfolk Metals Limited, Annual General Meeting, Sep 11, 2023, at 10:00 W. Australia Standard Time. Location: 283 Rokeby Road SUBIACO WA 6008 Subiaco Australia Agenda: To consider issue of shortfall options to director;to consider issue of shortfall options to director patrick holywell;and to consider issue of shortfall options to director leo pilapil ;. New Risk • Jul 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m. Market cap is less than US$10m (AU$4.95m market cap, or US$3.30m). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (12% average weekly change). Duyuru • Feb 18
Norfolk Metals Limited Announces Commencement of Orroroo Uranium Programs Norfolk Metals Limited announced Exploration work at Orroroo Uranium Project in South Australia has commenced; The downhole downhole geophysical survey (Spectral Gamma and PFN) across five prioritised historical petroleum wells will target uranium mineralisation within the Walloway Basin; Previous coal delineations are considered to be a prime-reducing environment for the precipitation of uranium mineralisation; Due to the nature of the program, a quick turnaround on results is expected. Orroroo Exploration; Norfolk owns 100% of 2 Exploration Licences (EL) totaling 659 km2 covering the inferred limits of the Walloway Basin, which together comprise the Orroroo. Uranium Project. The Walloway Basin has never been explored for uranium despite being the same age as sediments observed in the Frome Embayment. The Frome Embayment is host to Four Mile, Oban, Beverly and Honeymoon uranium resources. Historical exploration undertaken by Linc Energy throughout 2009 to 2011 produced results delineating coal. The coal measures are considered a prime reducing environment for the precipitation of uranium mineralisation. The potential for uranium is underpinned by open file reports that reveal several strong gamma anomalies typical of the "oxidised tails" of roll-front style mineralisation (e.g., Four Mile and Honeymoon). Initial work will comprise a downhole geophysical survey (Spectral Gamma and PFN) of historical petroleum wells to better understand the source of the gamma anomalies, and assist in ranking and prioritising targets for drill testing. Norfolk reported that field work at the Orroroo Uranium Project, located in South Australia has commenced. The Orroroo Project area is located in the Walloway Basin, which is an elongate Tertiary Basin approximately 50km long and up to 15km wide. It consists of Tertiary and Quaternary sediments unconformably underlain by Adelaidean basement. The Orroroo Uranium Project comprises two granted EL's, 6552 and 6814, covering 659km2 of the inferred limit of the Walloway Basin. The Walloway Basin has previously been explored for coal with Linc Energy having completed a drill program (2009-2011) in which the Walloway Coal seam was discovered. Drilling also identified multiple gamma anomalies which are typical of the "oxidized tails" and "interface zones" of roll-front uranium mineralisation. The presence of the Walloway coal measure, considered to be a prime-reducing environment for the precipitation of uranium mineralisation, as well as the gamma anomalies identified within previous Linc Energy drillholes presents the Orroroo Project as prime area for sandstone-hosted uranium discoveries. NFL has received all necessary approvals and contracted the services of Geosensor Wireline to conduct Spectral Gamma and Prompt Fission Neutron (PFN) surveys across five (5) priority wells at Orroroo. The survey results are expected to provide the Company with an understanding of the potential uranium prospectivity of EL 6552, being the tenement in which all survey wells are located. The purpose of the geophysical program is two-fold: firstly, the program will provide direct detection of uranium in the host rock environment and determine the source of gamma anomalies in historical Linc Energy wells (e.g. Orroroo target wells 7 and 15). Secondly, step-out wells are prioritised to infill the survey grid to less than 3 kilometer spacing which is considered appropriate in the reconnaissance stage of exploration for defining the surface footprint of known sandstone-hosted uranium deposits. At this spacing, minor downhole intervals of elevated uranium will be highly encouraging and be the impetus for further downhole geophysics and infill drilling. Duyuru • Jan 17
Norfolk Metals Limited Announces Additional Copper Identified At Roger River Norfolk Metals Ltd. provided the update on the Company's maiden drilling program at the Roger River Project, located in the north-western region of Tasmania. Tasmania is host to several world-class base and precious metal deposits such as Rosebury (MMG) and Mount Lyell (New Century Zinc). The Roger River Project is comprised of 2 exploration licenses (ELs) covering 261km2 and over 30 kilometre strike length of the highly prospective Roger River Fault zone, which is host to several gold and copper occurrences as well as alteration, silicification and diatreme breccias typical of epithermal precious metal deposits. Previous exploration by Leached Cap Pty Ltd. during 2016 defined anomalous arsenic and gold in associated splays off the main fault system. In June of this year, Norfolk completed a detailed gravity, and drone magnetics geophysical survey generating new targets for the maiden drill program. To date, 3 holes have been completed for a total of 885.20m. The 3 holes were drilled to test the coincident magnetic and gravity anomalies along the fault splay from the Roger River Fault. The third hole (22RRD-003) was drilled to 347.20m, which is located approximately 3.2km from the 1st hole (22RRD-001). The drill crew have been residing in Alcomie, Tasmania. While the drilling team breaks for a period the Company will continue the exploration program with rehabilitation requirements, access permitting, potential geochemistry and geophysical programs. The hole was drilled to test the magnetic anomaly A1b near the junction of the interpreted splay and the main Roger River Fault. The target was conceptual in nature and the drill hole was designed to test the source of key geophysical units and its association with possible mineralization within the project area. Native copper was observed over discrete zones from 102.0m to 137.80m downhole depths. Native copper occurs as clast in wall rock (<1%), as disseminations (1-3%) in the host rock (basalt) as well as disseminations (<1%) in later quartz-carbonate veins overprinting the host rock. There appears to be stronger copper mineralization (1-3%) from 212.4m to 216.4m downhole where copper has been observed consistently along the basalt fractures. The interbedded sediment units (263.05m to 338.90m) partly hematitic, shows dense potassic-epidote-silica veins with minor disseminated pyrite (<1%). Duyuru • Jan 14
Norfolk Metals Limited Announces Uranium Exploration to Commence at Orroroo Project Norfolk Metals Limited to commence exploration work at its 100% owned Orroroo Uranium Project, located in South Australia, targeting greenfield uranium discoveries in the Walloway Basin. Initial work will comprise a downhole geophysical survey (Spectral Gamma and PFN) across five (5) prioritised historical petroleum wells at Orroroo providing imminent understanding on the uranium prospectivity. All necessary approvals have been received with geophysics contractor scheduled to commence February 2023. Norfolk owns 100% of 2 Exploration Licences (EL) totalling 659 km2 covering the inferred limits of the Walloway Basin, which together comprise the Orroroo Uranium Project. The Walloway Basin has never been explored for uranium despite being the same age as sediments observed in the Frome Embayment. The Frome Embayment is host to Four Mile, Oban, Beverly and Honeymoon uranium resources. Historical exploration undertaken by Linc Energy throughout 2009 to 2011 produced results delineating coal. The coal measures are considered a prime reducing environment for the precipitation of uranium mineralisation. Initial work will comprise a downhole geophysical survey (Spectral Gamma and PFN) of historical petroleum wells to better understand the source of the gamma anomalies, and assist in ranking and prioritising targets for drill testing. Norfolk is to report that field work is scheduled to commence in February 2023 at the Orroroo Uranium Project, located in South Australia. The Orroroo Project area is located in the Walloway Basin, which is an elongate Tertiary Basin approximately 50km long and up to 15km wide. It consists of Tertiary and Quaternary sediments unconformably underlain by Adelaidean basement. The Orroroo Uranium Project comprises two granted EL's, 6552 and 6814, covering 659km2 of the inferred limit of the Walloway Basin. The Walloway Basin has previously been explored for coal with Linc Energy having completed a drill program (2009-2011) in which the Walloway Coal seam was discovered. Drilling also identified multiple gamma anomalies which are typical of the "oxidized tails" and "interface zones" of roll-front uranium mineralisation. The presence of the Walloway coal measure, considered to be a prime-reducing environment for the precipitation of uranium mineralisation, as well as the gamma anomalies identified within previous Linc Energy drillholes presents the Orroroo Project as prime area for sandstone-hosted uranium discoveries. NFL has received all necessary approvals and contracted the services of Geosensor Wireline to conduct Spectral Gamma and Prompt Fission Neutron (PFN) surveys across five (5) priority wells at Orroroo. The survey results are expected to provide the Company with an understanding of the potential uranium prospectivity of EL 6552, being the tenement in which all survey wells are located. The purpose of the geophysical program is two-fold: firstly, the program will provide direct detection of uranium in the host rock environment and determine the source of gamma anomalies in historical Linc Energy wells (e.g. Orroroo target wells 7 and 15). Secondly, step-out wells are prioritised to infill the survey grid to less than 3 kilometer spacing which is considered appropriate in the reconnaissance stage of exploration for defining the surface footprint of known sandstone-hosted uranium deposits. At this spacing, minor downhole intervals of elevated uranium will be highly encouraging and be the impetus for further downhole geophysics and infill drilling. Duyuru • Dec 31
Norfolk Metals Ltd Provides the Update on the Company's Maiden Drilling Program At the Roger River Project, Located in the North-Western Region of Tasmania Norfolk Metals Ltd. provided the update on the Company's maiden drilling program at the Roger River Project, located in the north-western region of Tasmania. Tasmania is host to several world-class base and precious metal deposits such as Rosebury (MMG) and Mount Lyell (New Century Zinc). The Roger River Project is comprised of 2 exploration licenses (ELs) coving 261km 2 and over 30 kilometers strike of the highly prospective Roger River Fault zone, which is host to several gold and copper occurrences as well as alteration, silicification and diatreme breccias typical of epithermal precious metal deposits. Previous exploration by Leached Cap Pty Ltd. during 2016 defined anomalous arsenic and gold in associated splays off the main fault system. In June of this year, Norfolk completed a detailed gravity, and drone magnetics geophysical survey generating new targets for drill testing. 22RRD-001: Initial assays received for the 1st hole showed minor Cu assays from the first laboratory test work with a further Cu screening study currently in progress to determine the amount of Cu in the sample present as coarse fractions. In all sample intervals, the native copper observed in the whole/uncut drill core is not as pervasive in the basalt wall rock. Consequently, the visually concentrated copper in each sample interval is from the narrow veinlets resulting in 0.05% to 0.18% Cu assays. However, to get a better understanding of the possible variability that the coarse native Cu may cause in the assay results, selected pulverized samples have been re-homogenized and resent for Cu screening analysis using 50g (original sample 25g) aqua regia 4-acid digest. This will provide larger sample size for duplicates with each sample being analyzed four times via aqua regia and four acids for Cu. The narrow veins in 22RRD-001 that contain native copper are commonly sub-parallel to the core axis (the hole path), therefore, it may be possible that a hole drilled perpendicular to 22RRD-001 may intersect more vein sets with more significant grades. The anomalous copper-in-soils values to the south of 22RRD-001 (on an orientation line) requires follow-up additional soil sampling. As a result, a low-cost soil sampling program has been submitted to MRT to assist in defining the surface expression of the native copper in 22RRD-001. Induced Polarization (IP) is also being considered as a geophysics tool to define the broad halo of the coarse native copper which may represent and possibly be used as a vector to locate a porphyry copper system. This is the case in the Goonumbla district, New South Wales, whereby finely disseminated native copper has been observed as a distal halo, approximately 500m outboard of each porphyry copper deposit. Bed-rock geochemical sampling for copper and gold supported by ground magnetic and induced polarization surveys have proven to be the most effective exploration methods for detecting the soil- covered mineralization in this district. 22RRD-002: The hole has been completed and logged with no significant mineralisation observed. Hence, no sample intervals have been submitted for analysis. 22RRD-003: Hole is in progress. It is currently around 270m with the drill target expected around 320m. Duyuru • Nov 17
Norfolk Metals Limited Announces Orroroo Uranium Project Update Norfolk reported that field work is scheduled to commence at the Orroroo Uranium Project, located in South Australia. The Orroroo Project area is located in the Walloway Basin, which is an elongate Tertiary Basin approximately 50km long and up to 15km wide. It consists of Tertiary and Quaternary sediments unconformably underlain by Adelaidian basement. The Orroroo Uranium Project comprises two granted EL's, 6552 and 6814, covering 659km2 of the inferred limit of the Walloway Basin. The Walloway Basin has previously been explored for coal with Linc Energy having completed a drill program (2009-2011) in which the Walloway Coal seam was discovered. Drilling also identified multiple gamma anomalies which are typical of the "oxidized tails" and "interface zones" of roll-front uranium mineralisation. The presence of the Walloway coal measure, considered to be a prime-reducing environment for the precipitation of uranium mineralisation, as well as the gamma anomalies identified within previous Linc Energy drillholes presents the Orroroo Project as prime area for sandstone-hosted uranium discoveries. The company plans to investigate gamma anomalies detected by Linc Energy while drilling for coal. Investigations will involve a Spectral Gamma and Prompt Fission Neutron (PFN) downhole tool which will determine the source of the radioactivity. Roll-front uranium deposits are zoned horizontal tabular bodies which have typical gamma-anomaly signatures dependent on the location within the system. This relationship is shown schematically. Gamma anomalies observed in open-file reports for historic Linc Energy wells are typical of "oxidised tails" and zones marginal to roll-front mineralisation. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Pat Holywell was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Nov 04
Norfolk Metals Limited Announces Native Copper Intersected in First Hole Norfolk Metals Ltd. provided an update on the company's maiden drilling program at the Roger River Project, located in the north-western region of Tasmania. Tasmania is host to several world-class base and precious metal deposits such as Rosebury (MMG) and Mount Lyell (New Century Zinc). The Roger River Project comprises of 2 exploration licenses (ELs) coving 261km2 and over 30 kilometers strike of the highly prospective Roger River Fault zone, which is host to several gold and copper occurrences as well as alteration, silicification and diatreme breccias typical of epithermal precious metal deposits. Previous exploration by Leached Cap Pty Ltd. during 2016 defined anomalous arsenic and gold in associated splays off the main fault system. In June of this year, Norfolk completed a detailed gravity, and drone magnetics geophysical survey generating new targets for drill testing. Drilling at the Roger River Project commenced during September 2022. The first drillhole 22RRD-001 was located in prospect A2 and targeted a coincident magnetic and gravity anomaly defined by Norfolk during the recent surface geophysical survey. The target was conceptual in nature and the drill hole was designed to better resolve the source of key geophysical units within the project area. Encouragingly, native copper was observed over discrete zones from 58.50m to 145.40m downhole depths. Native copper occurs as disseminations (1%-3%) in the host rock (basalt) as well as disseminations in later quartz-carbonate veins overprinting the host rock. There appears to be strong alteration near the basalt and sediment contact (147.5m downhole) with magnetite potassium and hematite assemblage around silica-carbonate veins containing native copper. The intercalated basalt/sediment units shows dense potassic-epidote-silica veins with disseminated pyrite. Some of the clasts within the sediments demonstrate flattening and suggest that compression/faulting could possibly be creating dilational zones. These type of dilational zones promote deformation with fractal opening that may allow mineralised fluids to accumulate. Within the sedimentary units (209.60m to 318.0m EOH), several strongly laminated massive pyrite veins were observed. The veins are up to 4mm in thickness. Duyuru • Oct 19
Norfolk Metals Limited Announces Exploration Licence Granted At Roger River Norfolk Metals Ltd.'s IPO prospectus outlined the pending exploration license application EL17/2021. NFL confirms that this exploration license application has now been granted. The Company looks forward to updating shareholders on the maiden drill program currently underway within October. Duyuru • Oct 07
Norfolk Metals Limited, Annual General Meeting, Nov 24, 2022 Norfolk Metals Limited, Annual General Meeting, Nov 24, 2022. Agenda: To consider election of Directors. Duyuru • Sep 23
Norfolk Metals Limited Announces Diamond Drilling Commenced At Roger River DH1 Norfolk Metals Limited announced that drilling has commenced at the Roger River Gold Project in NW Tasmania. The Company looks forward to updating shareholders and the market on the progress of the maiden drilling program. Duyuru • Sep 13
Norfolk Metals Limited Provides Exploration Update Norfolk Metals Limited announced on the 22nd of July 2022 that the previously defined gravity anomalies appear to have spatially close relationships with the now better-defined magnetic anomalies. Drilling of these magnetic/gravity targets will provide a better understanding of the true relationship between the magnetic and gravity anomalism. Norfolk plans to commence the maiden drilling of the primary target Anomaly 2 (A2) which has a coincident magnetic and gravity anomaly as shown in the 3D model. The aim of DH1 is to initially test the magnetic anomaly and continue to test the gravity anomaly at depth. The anomalies possibly represent sulphide mineralisation associated with epithermal style deposit(s). The results from DH1 will assist to determine the strategy and order of priorities for the remaining drill targets outlined. 134 orientation soil samples were collected over the target areas (Anomalies 1 to 5) to assist in the prioritisation and vectors of the remaining planned holes. The results from the soil sampling are expected to be available from ALS in October. Norfolk has received all required permitting from Mineral Resources Tasmania (MRT) for the drilling planned at A2 with the finalisation of access details with the private land owner almost complete. Norfolk expects to be in a position to commence drilling shortly. Since Norfolk compiled a work program for permitted EL6552 to test the roll front uranium theory as documented in the company presentation, Norfolk has continued to liaise with private landowners and the respective South Australianheritage group(s). Norfolk is now refining programs to suite prospectivity, access and safety prior to seeking final approvals and contracting services. Duyuru • Jul 22
Norfolk Metals Limited provides Roger River and Orroroo Exploration Update Norfolk Metals Limited announced that the drone aeromagnetic survey flown earlier in year 2022 for the company has a flight line spacing of 50m. This new data delivers considerably better definition and resolution of magnetic responses than was available from previous surveys flown in 2001 (a 200m spaced government survey) and 1998 (a 150m spaced company survey). The new magnetic data was processed mathematically to enhance the subtler features it contains. The final processing step was the calculation of "1VD" (First Vertical Derivative) data which enhances anomalies whose magnetic sources are nearer the surface and so more likely to be within a reasonable drilling depth. The 1VD processing also enhances breaks and trends in the data that are otherwise difficult to see in the unprocessed data. The new data has allowed a better understanding of trends and structure within theprospective lithologies east of the Roger River Fault. This includes added evidence for a NE structural trend, an orientation that aligns with previously interpreted splays off the Roger River Fault. Cross-structures in other directions are also quite evident in the new magnetic data. The Hanjin D&B10 drill rig has arrived in Northwest Tasmania with ancillary drilling equipment such as rods and drill bits having arrived in Melbourne (from China) soon to shipto Northwest Tasmania. Norfolk currently has two separate work program submissions in process with Mineral Resources Tasmania; one for drilling and one for soil sampling. The Company has secured two short term rental accommodations for the drilling and geological teams in the Smithton area. The Company has compiled a work program for permitted EL6552 to test the roll front uranium theory as documented in the prospectus and company presentation. This program will be used to liaise with all stakeholders including Department of Energy and Mining in South Australia, South Australian heritage groups and private landowners. Duyuru • Jun 02
Norfolk Metals Limited Provides Aeromagnetic Survey and Drilling Update Norfolk Metals Limited announced progress to determine drilling targets defined via the aeromagnetic drone survey and recent gravity survey. This new data will be interpreted with the previous exploration work conducted by Leached Cap Pty Ltd. to develop a final drill program. Working with Australian Mining Technologies (AMT) the Company has confirmation on ancillary drill equipment packing schedule being completed in China with container mobilised to Shanghai port to be ship to Tasmania. The Hanjin D&B10 rig located in Perth will soon be transported via rail to Melbourne and shipped to Tasmania. Duyuru • Apr 28
Norfolk Metals Limited Provides Field Update Norfolk Metals Limited announced that Norfolk directors recently completed respective field trips to granted titles EL20/2020 in Tasmania and EL6552 in South Australia. The recently reported gravity anomalies of EL20/2020 (announced 29th March 2022) were visited to assess access for drilling equipment and potential Induced Polarisation (IP) survey. Key stakeholders of the region have been further engaged as the company works with Mineral Resources Tasmania (MRT) regarding all intended work in the area. Norfolk also rogressed planning with contracted driller regarding accommodation, equipment storage/laydown and core cutting area for the maiden drill program. EL6552 in South Australia confirmed exceptional road access to the historical holes drilled by Linc Energy (now held by Tri-Star Group). show the field trip vehicle parked on well used access roads within metres of property fence lines and historical holes ORROROO 15P and ORROROO 7P3 which reported gamma anomalies of >900API and >500API respectively. Norfolk has engaged with the Principal Heritage Officer regarding native title, the CEO of the Orroroo Carrieton District Council and Tri-Star Group in relation to the stakeholder engagement(s) for EL6552 work access. Norfolk remains fully committed to drilling EL6552 exploring the roll front uranium theory as documented in the prospectus (announced 18th March 2022) and company presentation (announced 23rd March 2022). To prove the roll front uranium theory within the Walloway Basin would see the Company pioneer an entirely new district in the well endowed uranium state of South Australia. Board Change • Apr 28
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Pat Holywell was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 23
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 